Answer:
The correct answer is E that is $74,520
Explanation:
The expected cash receipts for January from the current and past sales is computed as:
Cash sales for January = Budgeted sales × 20% cash collected
= $51,000 × 20%
= $10,200
Credit Sales is computed as:
For November is $13,000
For December = December Sales / 60 × 50
= $42,000 / 60 × 50
= $35,000
For January = Budgeted Sales × 80 %× 40%
= $51,000 × 80% × 40%
= $16,320
Total January Sales = Cash Sales + Credit Sales
= $10,200 + $13,000 + $35,000 + $16,320
= $74,520
Answer:
The optimal order quantity is 6
Explanation:
Please see attachment
Answer:
Pegged exchange rate system
Explanation:
In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar. The government will set a fix the exchange rate of its currency relative to the US dollar value.
A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.
Answer:
a. Ending cash balance
You can find the ending cash balance in both the balance sheet and the statement of cash flows.
b. Adjustments to reconcile net income to net cash provided by operations
You can find this information in the statement of cash flows (under cash flows from operating activities).
c. Common stock
You can find this information in the balance sheet and the statement of stockholders' equity.
d. Total assets
You can find this information in the balance sheet
e. Net income
You can find this information in the income statement and the statement of cash flows (under cash flows from operating activities).
f. Revenue
You can find this information in the income statement.
g. Income tax payable
You can find this information in the balance sheet. Total income tax liability can be found int he income statement but it doesn't show us the unpaid amount. Also, the statement of cash flows shows us how this account changes from one year to the next.
Savings usually have positive impacts on economic growth of a nation. Firstly, increase in the amount of money saved increase the amount of money that are available in the banks which can be used for investment purposes that will benefit the economy. Secondly, high saving rate in an economy increases the ability of that economy to recover from inflation and recession. Personally and nationally, saving helps to cope better with economic and financial down turns.
